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Arkansas (State of) - Moody's Research Report

MOODY'S ASSIGNS Aa2 RATING TO $25 MILLION STATE OF ARKANSAS WATER, WASTE DISPOSAL AND POLLUTION ABATEMENT FACILITIES GENERAL OBLIGATION BONDS, SERIES 2010A

Posted on: January 21, 2010, 2:27 pm

NEW YORK, Jan 21, 2010 -- Moody's Investors Service has assigned a Aa2 rating to the State of Arkansas' $25 million Water, Waste Disposal and Pollution Abatement Facilities General Obligation Bonds, Series 2010A. Proceeds of the bonds, scheduled to price on January 28, will fund various capital improvements. Concurrently, Moody's has affirmed the Aa2 ratings and the stable outlook assigned to the state's approximately $856 million of outstanding general obligation bonds. The Aa2 rating reflects Arkansas' conservatively managed financial operations, healthy general fund balances and debt ratios that are considerably below national medians. These factors are somewhat offset by reliance on a weakening manufacturing sector and low wealth levels. The outlook is stable...

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